The Value
Within 18 months the application of state-of-the-art OR was saving
Noble approximately $1.3m a month. The system also yielded some
surprising qualitative findings such as that batch hiring can represent
an optimal course of action during busy periods.
“The implemented system has improved the financial performance of my
division” confirms Noble executive director Tim Gazzard. “It has also
helped planners to improve their understanding of operations and other
departments to appreciate the complexity of logistics and understand
better how their decisions influence the logistics operations.”
Many large maritime businesses continue to make complex operational
decisions manually by using intuition and limited data and this needn’t
be the case. Advances in optimisation mean we can now address a much
broader class of challenges in the maritime industry and provide a range
of tangible benefits.
Full article available in Impact Magazine, Autumn 2016. ‘Shipping Forecast’